Ltcg
This query is : Resolved
14 May 2014
i have purchased flat of Rs. 7lac in year 2006 in which i also spend money in registry and brokerage as Rs. 56000 and Rs. 15000 respectively, and i need to sold it the same flat in 2014 which cost comes to 34 Lakh, please advise the LTCG i opt for.
14 May 2014
your cost of acquisiton is Rs 7.71 lakhs. compute the indexed cost.
use the inflation index as provided here
https://www.caalley.com/ca/cii.html
deduct the indexed cost from the consideration to arrive at long term capital gains.
use the inflation index as provided here
https://www.caalley.com/ca/cii.html
deduct the indexed cost from the consideration to arrive at long term capital gains.
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